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English definition of “broad money”

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broad money

noun [U]
 
 
ECONOMICS a measure of the amount of money that is available for use in an economic system and that includes cash, money in bank accounts, and also other money available for banks to use: The 12-month rate of growth in broad money in the United States rose to 9.0% in July, but slowed to 5.9% in Sweden.
→  Compare narrow money
(Definition of broad money from the Cambridge Business English Dictionary © Cambridge University Press)
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